Hyperliquid Price Prediction: HYPE Slips 1% Even As Bitwise Files For Spot HYPE ETF
The Hyperliquid price has tumbled almost 2% in the last 24 hours to trade at $42.26 as of 12.30 a.m. EST even as fund manager Bitwise filed for a Hyperliquid ETF. The news of Bitwise’s HYPE ETF filing initially brought a short boost for the token, with the price popping about 4% to $42.50 before paring gains The ETF is designed to provide investors with direct exposure to HYPE through regulated brokerage accounts, with Coinbase Custody serving as the custodian. JUST IN: Bitwise files S-1 for a spot $HYPE ETF. pic.twitter.com/RxdQhKwyBk — crypto.news (@cryptodotnews) September 26, 2025 The ETF does not qualify for fast-track SEC approval because there are currently no regulated HYPE futures contracts. This means the process to get the ETF live might take months. HYPE Price Tests Key $42 Support As Bulls Eye Rebound On the daily chart, HYPE has been falling sharply from the recent high near $56, losing momentum as it crashed below its 50-day simple movin...